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20121201
20121231
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KQEH (PBS) 32
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of k.f.c. and pizza hut says sales are slowing in china. >> tom: that and more tonight on "n.b.r." >> susie: the fiscal cliff talks are going nowhere. that's the word from john boehner today. the house speaker characterized the negotiations to avoid huge tax increases and spending cuts at a stalemate. the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: the president is proposing to raise taxes by $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemploym
me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it is a counter cyclical so it is stimulative to the economy, more money in consumers products hopefully to buy and sustain the economy. >> complicated equation there, john, thanks a lot for coming and explaining all of this, have a great weekend. >> >> still hot on this friday night, u.s. manufacturing staying afloat, the luxury boat business made right here in the usa. >> it is called pay as you earn, it is a new obama administration program to pay off student loans, the starting date to sign up is next friday. but it looks like the plan favors graduate students who get bigger paychecks than low earning workers. >> in the state of >> reporter: in his
at the first north american exhibit of work by china's ai wei wei. brown: antique wooden stools from the chink dynasty. a video documenting changes along a major street in beijing an ancient vase with a modern-day logo. now on display at the smithsonian's museum in washington d.c. in an exhibition called "according to what," these are the works by the chinese artist away way. a prankster who can make a tea house literally out of tea leaves and represents the surveil-camera that watches him at his home in china is a marble sculpture. he's a visionary who helped design the bird's nest stadium for the application and whose use of social media is shifting the boundaries of art and activism and a dissident. he took a picture and tweeted it even as he was being arrested in 2009. and then spent 81 days in prison, was beaten and made the x-ray image of the damage he suffered into an art work. >> for me living in today's world, if you live in china, it's very hard to do a work which is not... which does not reflect or suggest the other possibility and meanings. all the works i do which connect or refle
is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, compani
concerns that china, russia, and others will seek new limits on internet access. the head of the u.n. regulatory agency insisted such claims are "completely untrue." concerns about flooding eased in northern california today, despite heavy downpours over the weekend. the region has had three powerful storms in the last week. as much as an inch of rain an hour fell in some communities yesterday. rivers swelled, but the storm moved faster than expected so flooding wasn't as bad as it could have been. still, strong winds downed trees, leaving some 57,000 people without power. some 20,000 public school students in five states will spend more time in the classroom next year. they're part of a pilot program announced today in colorado, new york, massachusetts, connecticut, and tennessee. a total of 40 schools will add at least 300 hours to the standard school calendar. the goal is to see whether more time will make american students more competitive on a global level. britain welcomed news today that prince william and his wife catherine are expecting their first child. the announcement
have the ecb. you have the government in china. so if don't fight the fed works then you don't want to take on all of these central banks. and market action has been showing this. when the year closes here, we're going to see new all-time yearly closing highs on the small-cap index, on the midcap index and on the dow transportation index. those are yearly closing highs. the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about equities, for investors who have money in bonds, should they be now transferring money into equities or do you still see that it makes sense to keep some of your money in treasures and other bonds? >> it depends on the investor. if the yield is important to them as income and they won't need to sell their bonds before maturity, then i say hang on to them. i'm not one of those people who thinks that bonds are going to take a big drop. i would be skeptical of trying to play it tactically which means by some bond and then you look to sell them quickly, i wouldn't be doing that. but an investors who -- >> ok
around the fiscal cliff. >> susie: you do a lot of business in china, and you're very bullish on china. can your business in china offset any during you might have in your business from what goes on in the u.s. economy? >> probably not. the autosh in business and the ilding trades, but that is not going to be enough to offset the fiscal cliff, a we're going to have too manage europe at the same time. >> susie: let's say there is no deal and the u.s. economy really slows down, or as some people say could go into a recession, how are you preparing for that possibility? >> we're trying to make those investments that are strategic, an holding back on our hirng becauseng we don't know the growth rates. we're probably looking at the different ways to reduce our points from a logical standpoint, and we're trying to pull every lever to give us some latitude and leverage. >> susie: what deal would you like to see come out of washington? what would be best for your compeay? >> probably making certain that the tax increases don't go all they?ay down to theay middle class. i think we've just got t
is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls f
nouri al-maliki said the demonstrations were not acceptable. the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing restrictive measures, such as shielding, blocking and banning. it has even spent billions of dollars to build a firewall against overseas sites. they just don't want to see any freedom of speech which is provided by the constitution because it will hurt their vested interest. >> holman: the new curbs come in the wake of a series of online discussions that have helped expose corruption scandals. russian president vladimir putin signed a bill into law today banning americans from adopting russian children. the move terminated more than 50 adopt
phone, nokia announced a deal with china-mobile to sell its top lumia smartphone in china. shares of nokia jumped 12.8%. volume was very heavy as shares sit at a seven-month high. meantime, banking stocks were in focus thanks to the job cuts announced at citigroup. bank of america joined in the rally with shares closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies. two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug
of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors. in the u.s. the stock market is going to have returned close to 13, 14%. and charter financial analysts around the world that we surveyed as you say feel pretty good about the prospects for next year. markets often do climb a wall of worry but in perspective we've had resolution of political uncertainty here in the united states. the new political leadership in china appears to be market friendly. we have avoided having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively attractive. >> let's talk about that, actually. because did you ask the people that you survey what are the best asset classes. and stocks got-- was at the top of the list. let's look at the list here, followed by precious metals, commodities, bonds and cash at the bottom of the list. tell us a little bit pore about those rankings from investment m
over the south china sea. it's expected to break up by the weekend. washington state is now the first state in the nation where recreational use of marijuana, by adults, is legal. the new law was approved by voters last month, and took effect at midnight. in seattle, about 100 people marked the occasion by smoking joints beneath the city's iconic space needle. technically, doing that in public remains against the law. marijuana is still illegal under federal law. but the justice department has not said if it will try to block the washington state law or a similar statute in colorado. same-sex marriage also became legal in washington state today, and in maryland. gay and lesbian couples in both states began picking up marriage licenses. those in washington state have to wait three days to be married. same-sex weddings in maryland will begin on january first. maine will legalize the practice on december 29. the three states are the first to approve same-sex marriage by popular vote. in economic news, new jobless claims fell sharply last week, after a temporary spike in the wake of hurri
. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now, and that's supportive of the gold. >> reporter: a gold rally is not a sure thing. if there's a recession, some fear commodities like gold will drop in value. on the other hand, if the economy picks up sharply, riskier assets could become more attractive. erika miller, "n.b.r.," new york. >> susie: more signs today that housing demand is picking up: the number of contracts signed to buy homes rose in november, to its best level in more than two years. the national association of realtors index of pending sales rose almost 10% last month. so will the housing market continue to recover in the new year? that's what tom hudson asked toll brothers ch
an originator of new kinds of policies. if you take, for example, china policy i think that he may be reluctant to react to a china which is very different from the way it was in the past. >> brown: let me bring david ignatius back. i guess it depends on what you think is needed right now, right? >> i think the world's a mess as kerry believes. he's right. and needs a strong american voice. needs the sort of steady hand that some of these experiences can bring. i point i would make about kerry is that although he often comes across as a stiff, as an establishment figure very form layic, in terms of shall ideas an willness-- willingness to engage adversaries, reach out and try to find a channel to iran, for example, reach out to the palestinians, try to think of new ways to deal with the arab world, kerry is on the more innovative side. so i think he is not going to be a wild radical-- the country will miss having someone like susan rice who is a younger, different voice. but i think that kerry-- it's wrong to think of kerry of just being a throwback to 30 years ago. >> brown: is it clear still
than we do from china. so you are talking about artisan product, product that has a story to it. that's special. you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knives that i'm actually pretty excited about, so probably those. they're cutting boa
and it looked for bigger markets. a western regional player in the u.s., kelly moore now ships paint to china, japan, cambodia, vietnam. the driver? >> quality product for one and the second factor is that it's made if the u.s. that's what they seek. that's what they want. it's that quality. >> mike: what kelly moore seeks is the next great break through in paint. odorless, longer lasting, environmentally friendly. strides have been made in almost every area-- except one. >> it can't apply itself. that's something people always want it to do. >> mike: (laughs) >> it's-- a lot of it lately is about ease of application and saving time and time is money. >> mike: the color of money. always a good choice. >> mike: farming is a very difficult business and while technology and large corporate farms have made american agriculture some of the most productive in the world, small family farms are having a very difficult time surviving. unless they become very creative. how much passion, persistence, and profitability can you squeeze into a 15-pound block of cheese? at the petaluma creamery in petaluma,
despite china and other emerging rising markets and that has been clear the past two years, where europe is in recession, japan continues to languish and yet the u.s. economy has shown resiliency but it is not immune from fiscal shock and that's something i clearly continue to monitor. >> all right, joe, thank you very much for coming on the practical. have we have good news for the in you year. thank you very much. >> you as well. thank you. >> joe davis, chief economist at ativan guard group >> susie: still ahead, the top tech trends for 2013, or how your cell phone will become an even bigger part of your life in the new year. >> susie: a lot of mixed messages for investors today. joining us now to sort through it all, ann miletti, senior portfolio manager at wells fargo advantage funds. >> so, anne, what do you think you heard, the economist talking about a mild recession. are we in for a correction in the stock market if that happens? >> i think right now the market is trying to predict how long this uncertainty is going to last. so right now, you know, because the market is a measur
, the politics or susan rice. >> benghazi say mystery to me. i mean i think benghazi is who lost china. it's almost like the republicans are looking for that silver bullet and that eludes me. she's partisan, susan rice is partisan. as a u.n. diplomat, unlike statesman like john bollton, you know, such a totally bipartisan-- totally bipartisan nonpartisan figure. but i found that susan colins is a moderate philosophy, moderate in manner. i found her criticism interesting. she found fault with susan rice for having been the spokesman for the democratic administration's position on foreign policy. and you know, colin powell, god bless him and says this will be the shame of his life, he was the one without made the case for going to war in iraq, you know, as the spokesman. i think this. what struck me was the administration has really handled this badly. i mean you don't send her up to the hill to meet with people unless you're going have some friendly meetings too. are you going to have some positive people come out and say claire mccaskill, they say how wonderful she is and at the same time
are general electric, which has been a major outsourcer of jobs to china and other countries, do you think you're going to be talking about trade policy in the united states of america or maybe nuclear power in the united states of america? >> but this puzzles me. the fcc tried to do essentially the same thing four years ago, as you know, in the last year of the bush administration. and the senate went on record against it. you passed a strong resolution to say, "this far and no further." why would president obama's fcc chairman, try to do now what the republicans couldn't do then? >> that is a very good question, bill. and i don't have the answer. and it's not only that the senate passed a strong resolution. there were public hearings. and there was the opportunity for the public to give input into this decision making process. and huge numbers of people said, "wait a second, we do not need more media consolidation in america." senate came on record. so why the obama administration is doing something that the bush administration failed to do is beyond my understanding. and we're going to do e
, the world's second largest apparel exporter after china. it's growing very fast largely because it has the lowest minimum wage of any country that's really exporting apparel to any sizable degree. $37 a month is the minimum wage there. >> sreenivasan: you also pointed to over the weekend a more devastating fire in pakistan. it's kind of started to lead to this maze of contractors and subcontractors. that seems to be standard operating business where an american company could be well intentioned but ultimately they don't know who is actually producing what's on the ground. >> i've written several articles on these fires with my colleagues. we found that time after time the retailers, the subcontractors, they're all asserting we didn't know about it. we didn't know that subcontractors of the subcontractors we're using at these plants. they say you can't blame us. i think many people call that plausible deniability. a lot of labor rights groups are saying retailers, subcontractors, you have to step up to the plate. you have to make sure that these fability er toes are safe. you can't blam
at that route, you're leaving africa, going through central area, up around china, across the bering strait, i'm assuming you're taking a boat and through the americas. one of those, as i'm noticing, the strait line goes right through iran. how do you get through that? >> i think that -- iran straddles an ancient migration path into central asia and ideally it would be wonderful to set off on foot across iran. i'm going to see what relations are like in the late 2015, hopefully they're well enough, good enough, to allow me to go through iran. >> sreenivasan: if there's a necessary detour, how long does that take to get around? >> it's a big place to walk around. part of the beauty, i think, of this long project is that there are going to be obstacles that i don't know answers to about how to get around them until i get there. and we'll see. sarin dip city a big part of this project. >> sreenivasan: what are the types of steps you've been taking? you've been planning this for a last couple years. visas? immunizations. what else? >> there's a lot of logistical planning that's gone into getting m
recession since 2000. he also vowed to take a firm stance on territorial disputes with china. abe served as prime minister once before, but he quit in 2007, citing ill health. opponents of egyptian president mohammed morsi are sounding the call for nationwide protests again tomorrow against a constitution drafted by islamists. the opposition was bolstered after saturday's first round of voting on the document. only about a third of eligible voters turned out, as 57% approved the draft-- a much lower level of support than predicted. the second round of voting is saturday. those are some of the day's major stories. now, back to judy. >> woodruff: and we pick up now on some of the major questions being asked about guns, mental health and other issues in the aftermath of the shootings. we get four perspectives. dan gross is the president of the brady campaign to end gun violence. david kopel is an adjunct professor of constitutional law at the university of denver and the research director for the libertarian-leaning independence institute. katharine nordal is with the american psychological
and wait it out. entry fee: a thousand dollars. in china, hundreds of people from the almighty god cult have been arrested for distributing leaflets. their crime? not warning of the end of the world but promoting war on the big red dragon-- the communist party. in the south of france it's believed by new ages to be the only safe place in the world. something to do with the shape of the mountain which overlooks the village. but today t.v. crews and police outnumbered prophets of doom. >> sreenivasan: in this country, nasa has produced a video to reassure those who need it. it's titled "why the world didn't end yesterday." the president of russia vladimir putin put new distance today between his government and the regime in syria. in his annual news conference, putin insisted his country is not protecting syrian president bashar assad. he urged assad to hold talks with the opposition, and negotiate an end to the bloodshed. >> ( translated ): we are not concerned about the fate of assad's regime. we understand what is going on there and that his family has been in power for 40 years. the c
to america. right now china is the leading country. russia is certainly in the top 5 with over 700,000 orphans in that country. there's certainly plenty of children who need a loving family here in the united states. >> suarez: how about that side of the story. unicef estimate there is's only about 18,000 russian families looking to adopt children. that's a disproportionate number considering the need for new homes. >> it is. last year alone here in america there were a thousand children adopted from russia. there are many american families, many of whom right now are in the process of adopting these children that are willing, ready, and able to adopt these kids, some of which have severe special needs. so it speaks to the heart of these american families that are willing to adopt these kids and bring them home. the. >> suarez: but there have been unfortunate stories that have gotten a lot of attention here in the united states and back in russia >> does that make things more difficult for your organization and others that are watching international adoptions? >> sure, well, i thin
that discourse about asia, about china. asian americans are sitting there listening to this. and they're like, "that's kind of crazy." you know? they couldn't stop with all that homophobia. gay americans are sitting there thinking, "you know, these people are nuts, man. do i want them four years in office?" and the latino community spent the last four years being a punching bag for this country's economic decline and being sort of connected one to one with this idea that latinos are all criminal -- illegal immigrants -- you know, undocumented. and so i think lots of folks were thinking, you know, "this guy is no good." now will it ever be this clear again? will folks feel that this one candidate is against all of them? i'm not sure. but it's a lot of power for the first time. >> but part of the republicans got it. there are some people in washington, on capitol hill, who say, "we got the message. and we're going to change." what if they pivot? >> well, but wouldn't it be nice to have a real conservative party in this country for once? i mean, i'm not against having a conservative party. what
Search Results 0 to 31 of about 32 (some duplicates have been removed)